Guideline Value for TEMPLE VIEW GARDEN

Temple View Garden guideline value

The current guideline value of Temple View Garden is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-A village under the Kunrathur SRO and is classified as Residential Class III Type - II.

How the guideline value of Temple View Garden has changed

The guideline value for Temple View Garden has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,800 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 1,642 per sq.ft. Notably, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier years mentioned. Therefore, the only available figures are from 2023 and 2024, showing a clear upward movement in the guideline value.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median guideline value for these streets is Rs 1,760 per sq.ft, placing Temple View Garden's current figure above this median.

• The Temple Town: Rs 1,540 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)
• Subramanyapuram: Rs 1,800 per sq.ft (2024)
• Sri Vijayalakshmi Garden @ Temple City: Rs 2,160 per sq.ft (2024)
• Sri Sakthi Amman Nagar Extension: Rs 3,025 per sq.ft (2024)
• Sri Chakra Nagar: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Temple View Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Temple View Garden?

The Sub Registrar Office that covers Temple View Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-A

The guideline value plays a crucial role during property registration in Kunrathour-A. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must adhere to this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Temple View Garden?

The current guideline value of Temple View Garden is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,642 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Kunrathour-A?

The median guideline value for the 45 streets in Kunrathour-A is Rs 1,760 per sq.ft. Temple View Garden's current guideline value is above this median.

What are the stamp duty and registration fees for a property in Temple View Garden?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Temple View Garden?

The Kunrathur Sub Registrar Office handles registrations for Temple View Garden. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.